Finland · Delayed Price · Currency is EUR Enersense International Oyj Earnings Call Transcripts
Fiscal Year 2026
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Order book and underlying profitability improved, with a strong market outlook and raised growth targets. Power unit led revenue growth, while permitting delays and weather impacted Q1. Strategic focus on data centers and energy transition is driving new contracts and investments.
Fiscal Year 2025
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2025 saw a major turnaround with operating profit up EUR 30 million, improved margins, and a record order book. Strategic divestments, efficiency gains, and strong performance in Power and Connectivity segments set the stage for further growth, with 2026 EBITDA guided higher.
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Adjusted EBITDA margin for core business improved to 11.2% despite lower revenue, with a 13% year-over-year increase in order backlog and strong contract wins. Strategic refocus completed, and full-year adjusted EBITDA is guided at EUR 16–20 million.
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EBITDA improved sharply in Q2, driven by strategic refocusing and the value uplift program, despite a 9% year-over-year revenue decline. The sale of the marine and offshore unit and a growing order backlog support a positive outlook, with adjusted EBITDA guidance raised for 2025.
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A new strategy for 2025–2028 centers on a life cycle partner model, targeting 4–5% annual growth and EBIT over 5%. Focus areas include expanding recurring service revenue, digitalization, and sustainability, with a robust value uplift program and disciplined capital allocation.
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Balance sheet strengthened and core business focus sharpened, with Q1 EBITDA boosted by a major asset sale despite a 29% revenue decline. Guidance for improved core EBITDA in 2024 is maintained, and the Value Uplift Program is expected to deliver positive results from H2.